Shares of Perry Ellis International, Inc. (NASDAQ:PERY) have received a consensus rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $28.50.
Several research analysts recently weighed in on the stock. DA Davidson restated a “neutral” rating on shares of Perry Ellis International in a report on Thursday, May 31st. Zacks Investment Research upgraded shares of Perry Ellis International from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, June 5th. Sidoti cut shares of Perry Ellis International from a “buy” rating to a “neutral” rating in a report on Friday, June 1st. BidaskClub upgraded shares of Perry Ellis International from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th. Finally, Ifs Securities cut shares of Perry Ellis International from an “outperform” rating to a “market perform” rating in a research note on Friday, June 1st.
Perry Ellis International stock traded up $0.03 during midday trading on Monday, hitting $27.30. 422,836 shares of the stock were exchanged, compared to its average volume of 139,170. Perry Ellis International has a 52-week low of $16.35 and a 52-week high of $28.54. The stock has a market cap of $432.69 million, a PE ratio of 12.82, a price-to-earnings-growth ratio of 4.78 and a beta of 0.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.56 and a current ratio of 4.01.
Perry Ellis International (NASDAQ:PERY) last released its quarterly earnings results on Thursday, May 31st. The textile maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.11. Perry Ellis International had a net margin of 6.10% and a return on equity of 8.97%. The business had revenue of $255.00 million for the quarter, compared to analysts’ expectations of $233.47 million. During the same period in the previous year, the company earned $0.83 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. analysts predict that Perry Ellis International will post 1.9 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in Perry Ellis International by 9.5% in the fourth quarter. Victory Capital Management Inc. now owns 54,660 shares of the textile maker’s stock valued at $1,369,000 after acquiring an additional 4,734 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Perry Ellis International by 59.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 16,460 shares of the textile maker’s stock valued at $412,000 after acquiring an additional 6,130 shares during the last quarter. Matarin Capital Management LLC purchased a new position in Perry Ellis International in the first quarter valued at about $2,877,000. MetLife Investment Advisors LLC purchased a new position in Perry Ellis International in the fourth quarter valued at about $183,000. Finally, AXA boosted its stake in Perry Ellis International by 21.9% in the fourth quarter. AXA now owns 97,810 shares of the textile maker’s stock valued at $2,449,000 after acquiring an additional 17,600 shares during the last quarter. Hedge funds and other institutional investors own 71.47% of the company’s stock.
Perry Ellis International Company Profile
Perry Ellis International, Inc designs, sources, markets, and licenses apparel products, accessories, and fragrances. It operates through four segments: Men's Sportswear and Swim, Women's Sportswear, Direct-to-Consumer, and Licensing. It provides men's wear, including career and casual sportswear, golf apparel, sports apparel, swimwear, and activewear; and womenswear, such as dresses, sportswear, swimwear, and activewear.
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